Railway Charges Likely to go up in early Next Year 2015

It is likely that the next railway budget will come up with fare hike to compensate the fuel charges. According to railways fuel adjustment linked tariff revision policy, the next revision is due for December. Under this revision policy, railway fares will be reviewed twice a year.

During this year first review railway fares and freight charges have gone up by 4.2 percent and 1.4 percent respectively. Hinting the possible hike , railway minister said there are many pending project and lot of possibility for investment and passengers have share some part of it.

“Railways requires big investment. There is no fund for investment. There is requirement of Rs 6 lakh crore to Rs 8 lakh crore for completion of announced projects,” he had said.